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Bitcoin bulls scratched out a 2% uptick after dipping to $62,700, leaving the markets reeling but not out. Data pulled from Cointelegraph Markets Pro and TradingView saw the bulls flex, but $65,000’s ask wall is holding like a digital fortress.

Signals Brewing, But Spot Flow Lags

Skew, a big-time chart whisperer, says there’s some juice left in BTC. His rundown? The 4-hour chart’s giving the bulls a pulse with three big signals: Bitcoin’s dancing with exponential moving averages (EMAs), the RSI’s chilling above 50, and the spot buyers are still stacking sats. But, according to Skew, “spot flow gotta pump strong by week’s end to break through the glass.” Without that volume love, this could just be another push into the liquidity muck.

Bitcoin’s hanging beneath that $65,000 cloud, where liquidity’s like molasses. Market sentiment is all over the place, but long-termers? They’re still hodling.

BTC in the “$65K HODL Zone”

Daan Crypto Trades, another market whisperer, has Bitcoin in what he calls the “$65K hodl zone.” It’s a kind of digital waiting room. Even if BTC spikes to $65K and gets rejected, he figures it’s just part of the liquidity dance. Traders smell that liquidity, and even if it’s a fake-out, some see the play. Others? They think BTC’s stuck in a rinse-and-repeat cycle, hitting walls and bouncing back to square one.

Macro Storms: The Fed and U.S. Numbers

Zooming out, macro winds are blowing hard. U.S. Q2 GDP stats and jobless claims are about to hit the scene, and traders are eyeing the fireworks. Jerome Powell, Chair of the Federal Reserve, is also stepping up to the mic. Powell’s recent dove vibes have pointed to potential rate cuts, and that’s giving crypto traders hopes of fresh liquidity flooding in. The logic? Central bank rate cuts usually lead to markets dripping with more risk-happy cash—and traders are betting Bitcoin will take a bite.

QCP Capital, dropping updates to its Telegram crew, hinted that Powell’s tone and the GDP numbers could be the gas BTC needs to smash through $65K. If liquidity starts seeping into risk assets, Bitcoin could ride the wave. Otherwise? Back to the grind.

It’s a macro-and-micro tug of war now, with traders watching both the charts and Powell’s words.